462 Islay Street, San Luis Obispo, CA 93401
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
Listed by: graham updegrove
Office: california coastal real estate
MLS#:SC26090036
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,425,000
- Price per sq. ft.:$780.39
About this home
Exceptional investment opportunity near downtown San Luis Obispo featuring three income-producing units on a spacious 7,500 square foot parcel. This versatile multi-family property offers a desirable mix of classic charm and newer construction, ideal for seasoned investors or owner-occupants. The front residence is a character rich 2-bedroom + office (or 3-bedroom), 1.25-bath single family home built circa 1900, offering 928 square feet of living space. The home offers a fenced front yard, charming porch, hardwood floors, and large bedrooms with 10 ceilings. Additional highlights include a walk-in pantry, indoor laundry and storage shed. The home is currently leased for $3,010/month. Situated at the rear of the property is two-story duplex built in 1990, totaling approximately 898 square feet. Each unit is a thoughtfully designed studio with a loft, providing efficient and flexible living space. Both studios have vaulted ceilings, under stair storage, a nicely sized kitchen, private patio/yard space and shared laundry. These studios are currently leased for $1,800/month and $1,850/month. There are (4) on site parking stall, (4) electric meters, (3) gas meters and (2) water meters, with potential for subdivision to separate the single family home and duplex onto their own parcels (verify with City planning). With strong in-place rental income and its highly desired location, this property presents excellent prospects for long-term appreciation or multi-generational living....
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Home facts
- Year built:1900
- Listing ID #:SC26090036
- Added:18 day(s) ago
- Updated:May 16, 2026 at 07:37 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Flooring:Carpet, Wood
- Kitchen Description:Dishwasher, Disposal, Gas Oven, Refrigerator
- Living area:1,826 sq. ft.
Heating and cooling
- Heating:Wall/Gravity
Structure and exterior
- Roof:Composition
- Year built:1900
- Building area:1,826 sq. ft.
- Exterior Features:Deck, Patio
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,425,000
- Price per sq. ft.:$780.39
Features and amenities
- Appliances:Dishwasher, Disposal, Gas Oven, Refrigerator
Parking
- Parking description:Assigned
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